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EURUSD edges lower on Wednesday after repeated failure to break 1.1200 barrier, but near-term action can be described as consolidation, as long as the price stays above first pivots at 1.1124/14 (trendline support/rising 10DMA) and 1.1100 (higher base/Fibo 23.6% of 1.0777/1.1201). Negative signals are developing on daily chart (14-d momentum diverged from the price and […]

The post EUR/USD Outlook: Bulls Pausing Under 1.1200 Barrier appeared first on Action Forex.

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